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Ranch Motel 1601 NW Cache Rd 29 Room Hotel Lawton, OK 73507 $550,000 ($18,966/Room)
Executive Summary
Motel property for sale located on high traffic NW Cache Road in Lawton, Oklahoma. All furniture, fixtures, and equipment are included with the property. This property features 32 guest rooms, a Manager's office, laundry facility, storage area, and large on-site parking. Located near Fort Sill. Nearby businesses include: Wendy's, Subway, Wichita Furniture, Staples, Verizon Wireless, Red Apple Buffet, Wing Stop, Papa John, and Hibdon Tires.
Property Facts
| Price | $550,000 | Lot Size | 0.50 AC |
| Price Per Room | $18,966 | Building Size | 18,578 SF |
| Sale Type | Investment | No. Rooms | 29 |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1945 |
| Property Subtype | Hotel | Parking Ratio | 0.62/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C-5 | ||
| Price | $550,000 |
| Price Per Room | $18,966 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 18,578 SF |
| No. Rooms | 29 |
| No. Stories | 2 |
| Year Built | 1945 |
| Parking Ratio | 0.62/1,000 SF |
| Corridor | Exterior |
| Zoning | C-5 |
Amenities
- High Speed Internet Access
- Public Access Wifi
About 1601 NW CACHE RD , LAWTON, OK 73507
Previously a motel, this two story property is available for re-development. Located on the hard corner of NW 16th and NW Cache Rd., just west of I-44. Commercial signage, slab porch with roof, and ample private parking. Nearby businesses include Hibdon Tires, Wendy's, Budget Inn, Jeff's Key & Safe Shop, Junction Restaurant and Sanders Hardware.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 29 | $70.00 | - |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0044363 | Improvements Assessment | $24,821 |
| Land Assessment | $20,369 | Total Assessment | $45,190 |
Property Taxes
Parcel Number
0044363
Land Assessment
$20,369
Improvements Assessment
$24,821
Total Assessment
$45,190
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Ranch Motel | 1601 NW Cache Rd